The Bermuda-based PXRE Group Ltd. has announced that its preliminary estimate of the net impact from Hurricane Rita is between $30 and $40 million, “after tax, reinsurance recoveries on its outwards reinsurance program and the impact of reinstatement premiums.” PXRE …
Swiss reinsurer Converium announced the completion of an aviation fronting arrangement with National Indemnity Company and Munich Re, which enters into effect on Oct. 1, 2005. The agreement ensures Converium’s continued participation in the pool of Global Aerospace Underwriting Managers …
Bermuda-based AXIS Capital Holdings Limited announced that it has agreed to sell $250 million of 7.25 percent Series A Preferred Shares with a liquidation preference of $25.00 per share. The Company said it “has applied for approval to list the …
NAS Insurance Services’ EPLI program now covers employers for allegations of improper disclosure of confidential information resulting in Identity Theft. In addition, coverage for employers from allegations of genetic make-up discrimination is also included. NAS Insurance Services is an underwriting …
Integro announced the hiring of two principals to serve in its San Francisco office. John M. Orr has been appointed principal, Executive Solutions, and Brian Mercer has accepted the position of principal, Alternative Risk Solutions. Orr has 15 years experience …
A New Jersey appeals court in Trenton is giving DaimlerChrysler the chance to reduce the amount of money it must pay the family of a woman who was killed when another vehicle’s tire crushed the roof of a minivan. A …
The chief executive officer and another top official of a city hospital knowingly gave dozens of altered documents to plaintiffs’ attorneys in a medical malpractice case, according to recent testimony in a Wilkes-Barre, Pa. court Anne Marie Zimmerman, risk manager …
New York Attorney General Eliot Spitzer turned his attention to St. Paul Travelers Cos. recently, as the company noted Wednesday that it was served with a subpoena from Spitzer’s office. The subpoena was reportedly related to reporting involving workers’ compensation …
Internet Based Litigation Management Application Will Allow Enforcement of Client Specific Litigation Handling Guidelines, Collection of Data and Performance Analysis San Diego, CA, September 1, 2005 – CaseRev, Inc. today announced that Crawford & Company has partnered with CaseRev, the …
Wells Fargo Insurance, Inc., a subsidiary of Wells Fargo & Company, has acquired the crop insurance business from Portland, Indiana-based JS Crop Insurance, Inc. (JS Crop), expanding Wells Fargo’s reach to farmer-customers in Indiana and Ohio. Terms of the acquisition …
